On December 22, "2017 Industry Supply Chain Finance Innovation Summit", hosted by 10000link, was held in Nanjing. Over 20 industrial leaders and over 300 industrial elites from the government, manufacturers and financial institutions were invited to discuss the development of industry supply chain finance. Jing Tian, Vice President of Sanpower Group (Sanpower) attended the summit and roundtable meeting.

The Guidance on Supply Chain Innovation and Application released by the State Council in October 2017 not only underlines the importance of developing service-oriented manufacturing, but also calls for efforts to properly develop supply chain finance and propel it to serve the real economy, and encourages commercial banks, core supply chain enterprises and other entities to establish supply chain finance service platforms so as to provide high-efficiency and convenient financing channels for upstream and downstream medium, small and micro-sized enterprises in the supply chain.

 

 

 

The dialogue, with the theme "Opportunity and Challenge for Supply Chain Finance from the Perspective of Industry-Finance Integration", was hosted by Xu Jingwei, Secretary General of the China e-Business Innovation Promotion Alliance. Ye Hui, President of Red Sun Jingong; Jing Tian, Vice President of Sanpower; Yang Hongxing, Director of Supply Chain Finance, Haier Group; Xu Xiaozheng, CEO of zlw.net and Lu Dehua, Vice General Manager of the Department of Channel Cooperation, Business Center, Zheshang Bank Head Office participated in the dialogue.

 

 

 

At the summit, Jing introduced the current development of Sanpower and exchanged ideas with other participants on the natural evolution of supply chain finance as an upgraded industrial model. He noted that with integration of industries with finance, supply chain finance is deeply rooted in industries, overturns traditional financial paradigm of "finance-based finance", and combines the explosive power of finance with the lasting development of industries.